Campaign for better DC default options

The pensions industry supports a default option when members hit retirement according to a consultation by the National Employment Savings Trust (NEST).

FTSE100 company defined contribution schemes' use of default options has increased from 82% to 92% over the past year but a fifth of defaults do not meet government standards, a consultant says.

Professional Pensions is set to publish a guide to auto-enrolment and pensions reform on June 28.

Jonathan Stapleton's dream for DC defaults

Industry gets behind PP call to arms on decent defaults

Jonathan Stapleton shines spotlight on default provision

Professional Pensions has launched a Campaign for Better DC Default Options in a bid to raise awareness of best practice in defined contribution default design.